Natural Gas - Daily technical Forecast

29 July 2010 @ 02:11 am EDT

Natural Gas closed higher on Wednesday as it extended last week's rally. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, the reaction high crossing is the next upside target. Closes below the 20-day moving average crossing would temper the near-term friendly outlook

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